What are the next steps for the approval of TIF #2?

The Winfield Village Board will hear public comment on TIF #2 at its regular Board meeting on Thursday, September 16. After that, the Board plans to vote on advancing the TIF at its Thursday, October 7 meeting. 

The Village Board welcomes comments and questions about this important economic development project. 

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1. What is a Tax Increment Financing (TIF) District?
2. What will the new TIF be used for?
3. What are the key benefits of the TIF for Winfield?
4. Will my property taxes go up because of the TIF?
5. Who supports the TIF?
6. Why do some people oppose the TIF?
7. How can I be sure this financing tool will work out for Winfield?
8. How will the TIF benefit the two local school districts?
9. What is the role of Central DuPage Hospital (CDH) in the TIF?
10. What is happening to the first Winfield TIF?
11. What are the next steps for the approval of TIF #2?